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Axis Capital Holdings (FRA:AXV) Scaled Net Operating Assets : 0.05 (As of Mar. 2024)


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What is Axis Capital Holdings Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Axis Capital Holdings's operating assets for the quarter that ended in Mar. 2024 was €24,148 Mil. Axis Capital Holdings's operating liabilities for the quarter that ended in Mar. 2024 was €22,756 Mil. Axis Capital Holdings's Total Assets for the quarter that ended in Dec. 2023 was €27,740 Mil. Therefore, Axis Capital Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.05.

Axis Capital Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Axis Capital Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(26865.529-21517.286)/26132.725
=0.20

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=27739.866 - 874.337
=26865.529

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22913.515 - 1396.229 - 0
=21517.286

Axis Capital Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(24147.72-22755.783)/27739.866
=0.05

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=29217.995 - 5070.275
=24147.72

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24153.252 - 1397.469 - 0
=22755.783

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Axis Capital Holdings (FRA:AXV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Axis Capital Holdings Ltd (FRA:AXV) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
AXSpE.PFD:USA AXS:USA
Address
92 Pitts Bay Road, Pembroke, BMU, HM 08
Website
https://www.axiscapital.com
Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.